A 
354
+0.85%
Close of 9 Nov 2026, in JPY
Search any instrument
Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in JPY, from our data supplier.
Revenue
¥67.53bn
FY2016FY2025
Net income
¥3.32bn
FY2016FY2025
Free cash flow
−¥7.19bn
FY2016FY2025
Shareholders' equity
¥20.58bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥67.53bn | ¥49.91bn | ¥41.34bn | ¥27.86bn | ¥24.96bn | ¥22.45bn | ¥24.69bn | ¥24.86bn | ¥22.30bn | ¥18.97bn |
| Gross profit | ¥11.84bn | ¥8.64bn | ¥7.02bn | ¥5.39bn | ¥4.73bn | ¥4.14bn | ¥4.81bn | ¥5.27bn | ¥3.95bn | ¥3.66bn |
| Research and development | — | — | ¥0 | ¥0 | ¥0 | ¥0 | — | ¥0 | ¥0 | ¥0 |
| Operating income | ¥4.99bn | ¥3.22bn | ¥2.43bn | ¥1.77bn | ¥933.3m | ¥852.3m | ¥1.29bn | ¥207.7m | ¥129.4m | ¥797.4m |
| Net income | ¥3.32bn | ¥1.61bn | ¥1.42bn | ¥527.2m | ¥312.3m | ¥353.3m | ¥625.3m | ¥1.04bn | ¥924.1m | ¥835.0m |
| Diluted earnings per share | 67.46 | 33.36 | 29.24 | 11.18 | 6.36 | 8.84 | 16.95 | 6.06 | 5.36 | 3.88 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥72.06bn | ¥59.81bn | ¥58.85bn | ¥53.36bn | ¥42.05bn | ¥1.90bn | ¥35.47bn | ¥30.63bn | ¥30.81bn | ¥25.83bn |
| Cash and short-term investments | ¥11.91bn | ¥10.13bn | ¥9.81bn | ¥7.43bn | ¥9.49bn | ¥7.40bn | ¥8.98bn | ¥7.11bn | ¥7.17bn | ¥4.43bn |
| Total liabilities | ¥51.49bn | ¥41.05bn | ¥41.69bn | ¥37.50bn | ¥27.23bn | ¥5.59bn | ¥22.46bn | ¥4.39bn | ¥3.89bn | ¥1.94bn |
| Debt | ¥45.76bn | ¥35.66bn | ¥34.81bn | ¥32.52bn | ¥23.08bn | ¥2.47bn | ¥18.94bn | ¥24.08bn | ¥12.24bn | ¥13.04bn |
| Shareholders' equity | ¥20.58bn | ¥18.74bn | ¥17.14bn | ¥15.81bn | ¥14.79bn | ¥35.85bn | ¥13.01bn | ¥30.63bn | ¥30.81bn | ¥25.83bn |
| Shares outstanding | 49m | 48m | 49m | 47m | 49m | 40m | 37m | 172m | 172m | 215m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −¥5.95bn | ¥1.73bn | −¥683.6m | −¥11.45bn | −¥4.44bn | −¥1.06bn | −¥1.72bn | ¥2.30bn | −¥1.22bn | −¥5.13bn |
| Capital spending | −¥1.23bn | −¥457.9m | −¥434.8m | −¥65.2m | −¥17.0m | −¥15.6m | −¥160.9m | −¥9.3m | −¥35.4m | −¥59.4m |
| Free cash flow | −¥7.19bn | ¥1.27bn | −¥1.12bn | −¥11.52bn | −¥4.45bn | −¥1.07bn | −¥1.88bn | ¥2.29bn | −¥1.25bn | −¥5.19bn |
| Dividends paid | −¥564.3m | −¥442.6m | −¥390.3m | −¥163.7m | −¥106.4m | −¥185.3m | −¥765.5m | −¥115.6m | −¥651.1m | −¥77.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥17.64bn | ¥11.36bn | ¥15.25bn | ¥19.31bn | ¥18.80bn | ¥14.17bn | ¥16.11bn | ¥12.98bn |
| Gross profit | ¥3.01bn | ¥2.56bn | ¥2.71bn | ¥3.24bn | ¥3.10bn | ¥2.91bn | ¥2.46bn | ¥1.74bn |
| Operating income | ¥1.40bn | ¥1.12bn | ¥825.7m | ¥1.21bn | ¥1.62bn | ¥1.33bn | ¥923.0m | ¥473.0m |
| Net income | ¥755.1m | ¥1.61bn | ¥999.1m | ¥708.9m | ¥861.1m | ¥746.3m | ¥504.1m | ¥190.9m |
| Diluted earnings per share | 15.13 | 32.23 | 20.33 | 14.42 | 17.52 | 15.18 | 10.44 | 3.95 |
| Cash from operations | — | — | — | — | ¥251.0m | ¥252.0m | — | — |
| Capital spending | — | — | — | — | −¥261.0m | −¥261.0m | — | — |
| Free cash flow | — | — | — | — | −¥10.0m | −¥9.0m | — | — |
| Total assets | ¥86.41bn | ¥90.02bn | ¥72.06bn | ¥65.22bn | ¥61.40bn | ¥60.27bn | ¥59.81bn | ¥58.91bn |
| Cash and short-term investments | ¥9.74bn | ¥10.98bn | ¥11.91bn | ¥13.10bn | ¥9.69bn | ¥8.81bn | ¥10.13bn | ¥9.85bn |
| Debt | ¥58.84bn | ¥9.59bn | ¥45.76bn | ¥4.05bn | ¥36.20bn | ¥4.70bn | ¥4.77bn | ¥7.33bn |
| Shareholders' equity | ¥22.40bn | ¥21.62bn | ¥20.58bn | ¥20.26bn | ¥19.79bn | ¥18.99bn | ¥18.74bn | ¥17.79bn |
Financial ratios
Data as of 27 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 17.5% | 17.3% | 17.0% | 19.3% | 19.0% | 18.4% | — | — |
| Operating margin | 9.0% | 6.4% | 5.9% | 6.4% | 3.7% | 3.8% | — | — |
| Net margin | 4.9% | 3.2% | 3.4% | 1.9% | 1.3% | 1.6% | — | — |
| Return on equity | 16.1% | 8.6% | 8.3% | 3.3% | 2.1% | 1.0% | — | — |
| Return on assets | 4.6% | 2.7% | 2.4% | 1.0% | 0.7% | 18.6% | — | — |
| Free cash flow yield | -22.3% | 10.5% | -1.2% | -56.0% | -20.9% | -6.1% | — | — |
| Revenue growth | 35.3% | 20.7% | 48.4% | 11.6% | 11.2% | -9.7% | — | — |
| Earnings growth | 105.9% | 13.4% | 169.3% | 68.8% | -11.6% | -66.2% | — | — |
| Current ratio | 1.70x | 4.80x | 3.34x | 5.69x | 6.53x | 6.35x | — | — |
| Debt to equity | 2.22x | 1.90x | 2.03x | 2.06x | 1.56x | 0.95x | — | — |
| Equity ratio | 28.6% | 31.3% | 29.1% | 29.6% | 35.2% | 1886.0% | — | — |
| Interest coverage | 7.04x | 4.68x | 4.27x | 4.35x | 2.93x | 3.07x | — | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -1.8% | 0.6% | -3.0% | 4.0% | -22.8% | 68.7% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 34.3% | 24.6% | 15.7% |
| Operating income | 41.2% | 42.4% | 21.6% |
| Net income | 84.6% | 56.5% | 17.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.4% | 17.6% | 17.8% | 18.3% |
| Operating margin | 7.0% | 6.6% | 6.1% | 5.1% |
| Net margin | 4.2% | 3.7% | 3.2% | 3.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.3 | 6.4 | 8.1 | 12.8 | 23.1 | 17.8 | 177.0 | — | — | — |
| Price to sales | 0.3 | 0.2 | 0.3 | 0.2 | 0.3 | 0.3 | 4.5 | 21.6 | 31.5 | 45.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 18 years. Last went ex-dividend on 29 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 21.50 | 9.00 | 8.00 | 3.50 | 2.63 | 23.50 | 3.50 | 20.00 |
- 1-to-0.1 reverse split · 1 Apr 2020
- 100-for-1 split · 26 Sept 2013
- 4-for-1 split · 25 Apr 2013
- 2-for-1 split · 28 Jun 2010
- 2-for-1 split · 25 Sept 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.